UK Business insolvency rises by 18%
UK debt collections
NOVEMBER 15, 2023
The UK business insolvencies consisted of 256 compulsory liquidations , 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment. HMRC also desperately requires increased funding to streamline its financial debt recovery processes.
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